Benefits of quality, Project Management

Benefits of quality

The benefits of quality in project performance are:

  • Customer satisfaction: is the result of a quality product or project. If customers requirements or expectations are meet, the customer not only accepts the results without any ill feeling, but will return back for additional work, when need arises. They may refer new customers. .
  • Cost reduction: Another benefit is reduction in costs. Quality processes can reduce wastes, improve efficiency and supplies which results in the project costing less than planned. As costs decrease, profits increase.
  • Increased competitiveness: Quality products and services, better project performance and reduced cost directly results in increased competitiveness in the global market-place.
  • Fulfillment of social and economic responsibilities: Competitiveness increases profit effecting global economy and gives an opportunity to employ more people a social responsibility.
  • More number of jobs: W. Edwards Deming rightly stated "Improve quality, reduce costs, improve productivity, capture the market, stay in business, provide more jobs" .
Posted Date: 9/28/2012 6:46:07 AM | Location : United States







Related Discussions:- Benefits of quality, Assignment Help, Ask Question on Benefits of quality, Get Answer, Expert's Help, Benefits of quality Discussions

Write discussion on Benefits of quality
Your posts are moderated
Related Questions
Operations and project management: Operations and project management are very important functions in any organisation. Operations management is is concerned with the productio

Defects found after product delivery per function point Defects found after product delivery per LOC Pre-delivery defects: yearly post-delivery defects Defects per functio

1. Explain the concept involved in operations strategy and the emerging trends in the area of Operations Management. 2. Draw the network. Find critical path and project duration

Describe different types of supporting project activities for estimating. Estimate the given supporting project activities are as follows: 1.    Project management 2.    Team lea

A 69 year old Greek man, Mr. Baltas, who speaks little English, was admitted to a major hospital in Melbourne for assessment and tests for a cancer-related illness. He had been dia

what are the objective of the project alignment session program?

Describe your approach to tracking a project?

Characteristics of Process Planning Since a process is required to manufacture a product it is necessary to plan the process. Process planning comes after it has

I have project assignmet for project management and the submition due date is 5th may can you help me with it ?

Explain about the budgeting process in risk management. The budgeting process: A budget is a quantified or forecast plan of action. A quantified financial plan of action